Loan Officer Salary in Montana
The median loan officer salary in Montana is $62,453 per year, which is 5% below the national median of $65,740.
Loan Officer Salary in Montana by Experience
In Montana, an entry-level loan officer earns around $36,100, while experienced professionals earn up to $123,500 per year. The cost of living index in Montana is 95% of the national average.
Salary Percentiles in Montana
| Percentile | MT Salary |
|---|---|
| 10th Percentile | $33,440 |
| 25th Percentile | $43,130 |
| Median (50th) | $62,453 |
| 75th Percentile | $95,000 |
| 90th Percentile | $146,110 |
Major Cities for Loan Officers in Montana
The largest employment areas for loan officers in Montana include Billings, Missoula, Great Falls, and Bozeman. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Montana
Education
Most loan officer positions require a bachelor's degree. Montana has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Montana
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Montana's demand may vary based on local industry trends.